FIIs pull out $10.5 billion from capital market in June-July

Foreign investors have pulled out a staggering over Rs 62,000 crore in the past two months.

NEW DELHI: Foreign investors have pulled out a staggering over $10.5 billion (Rs 62,000 crore) from the Indian capital market in the past two months amid concerns about the depreciating rupee.

Market analysts expect selling pressure by foreign institutional investors (FIIs) to continue in the near term.

FIIs had withdrawn $3 billion (Rs 18,124 crore) from the debt and equities markets in July after pulling out a record $7.5 billion (Rs 44,162 crore) in June, according to data available with Sebi.